Taiwan: New construction boom defies gloom

Taiwan’s new construction volume for the coming month hit an eight-year high, as developers and construction firms stay upbeat about the housing market, unfazed by credit tightening among state-run lenders and sluggish existing home sales last month, a real-estate survey showed.
Developers and construction firms aim to launch NT$290 billion (US$9.84 billion) of new homes and presale projects nationwide for the Sept. 28 season — starting this week and ending next month — up 55.5 percent from the same period last year, after housing prices emerged unscathed from a spate of tightening measures, the Chinese-language Housing Monthly said………………………………………..Full Article: Source